A Glimpse of Indonesians’ Saving Habit

Indonesians are aware of the importance of saving money. They save money to realize various financial plans. But what is the saving habit of Indonesians n
Indonesians are aware of the importance of saving
money. They save money to realize various financial plans. But what is the
saving habit of Indonesians nowadays like?
According to a Markplus survey on 4,378 netizens aged
15?59, more than a third of the respondents can set aside 5?10% of their
monthly income as savings. Only about 4?7% netizens can save more than 20% of
their total income.
However, the higher their economic status, the more money
they can set aside as savings. About 10% netizens with high economic status can
save more than 20% of their monthly income.
Meanwhile, among netizens with lower economic status,
only 5% can do the same thing. The classification of economic status is based
on the family’s routine spending in a month.
People who spend more than Rp5 million/month are
classified in the higher economic status, while those with the spending of Rp1
million to Rp4.9 million a month are classified in the lower economic status.
Let’s take a further look at their financial plans
with their savings. In terms of purpose, 60.9% netizens said that they saved money
to anticipate living costs in the future that they predicted would keep on
increasing.
Meanwhile, 61.2% also said that they set aside their
income for investment. The most interesting thing is that about 24.1% netizens
said that they were saving money for holiday plans.
The findings were apparently consistent with the shift
of consumption patterns of Indonesians. According to Universitas Indonesia
Economics and Business Faculty Dean and Professor Ari Kuncoro, the lifestyle of
a portion of Indonesians is entering a new trend. People now love to travel to
gain recognition.
“Nowadays, it’s no longer the age of showing off new
things such as smartphone or clothes; people now like holiday pictures that
they can instantly upload to their social media accounts,” Ari said, as quoted
from Detik Finance, Monday (August 14, 2017).
The middle-class income, Ari continued, has not seen
significant increase. However, people’s consumption patterns have shifted from
goods to holiday for their self-actualization.
“Leisure and hedonism have become their lifestyle,”
Ari explained.
This shift in consumption patterns then drives the
emergence of new businesses geared towards the leisure lifestyle. Some
industries do not want to get behind the trend.
One of the companies catching up with the trend is
TRAC, a subsidiary of PT Serasi Autoraya (SERA) which operates in vehicle
rental service. Since the appearance of the trend, TRAC has designed various
services to accommodate domestic leisure demands.
TRAC does not only rent vehicles for travel needs, but
also design services that offer holiday experience that emphasizes convenience,
comfort, and safety.
TRAC offers various tour packages to various unique
destinations in Indonesia. TRAC combines ease of transportation and comfortable
holiday experience.
With the services, people have options to realize
their financial plans for a comfortable and safe holiday for the family.
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